You can only use RMB (Renminbi, the legal currency) in
China
. You can convert the foreign currencies into RMB in any of Chinese banks.

There is a branch of China Construction Banck near the South Gate of Ludong University, where you can set up bank account, exchange or deposit currencies. You can also conduct these banking services in any branch of Bank of China. It is required that you present your passport and copy of it to the bank staffs when you open a bank account /and when you exchange currencies. For more information, you can consult the Banks.